Fact Sheet
December – 2012
InveSTAR
Global Economic Scenario: Economic conditions in Euro area are relatively steady and fiscal cliff problem in US (relating to debt ceiling and spending cut) has been resolved at least for the next two months. Chinese economic growth appears to be looking up after slowing down for 7 consecutive quarters. After a sharp run up in November, Global prices of crude oil and base metals corrected nominally. Gold & Silver have seen sharper correction as Global markets are in ‘risk on’ mode which is also apparent from increase in yields of Government Bonds in US and Germany.
International Commodities Prices Month Ended Nov. Dec. Change %Gold (US$ / ounce) 1,715.7 1,675.4 -2.3Silver (US$ / ounce) 33.4 30.3 -9.2
Copper (US$ / T) 7,978.8 7,907 -0.9
Aluminum (US$ / T) 2,094.0 2,073 -1.0Brent Crude(US$ / bbl)
111.2 111.1 -0.1
Indian Economy:
Index of Industrial Production (IIP)
Following contraction in September’ 2012, IIP (a measure of Industrial Activity) expanded by 8.2% in October (16 month high), on a low base. Strong IIP, partly an aberration, can be explained by the festive season effect. Due to this, November’ 2012 IIP is expected to be lower.
Reform Initiatives by GOI
Despite weakness in macro-economy, Government initiatives in the winter session of Parliament and reform measures through executive route have boosted sentiments in the financial market. Some of the likely steps to rein in fiscal deficits would be spectrum auction, disinvestment, further increase in the prices of petroleum products, cut in expenditure etc.
Foreign Institutional Flows in Equity Market
FII flows during December’ 12 continued to be strong at Rs.25,087 cr. (US$ 4.6 bn.) vs. Rs.9,577 cr. (US$ 1.8 bn.) in November’12. Aggregate flows during CY’ 2012 stood at Rs 1,28,360 cr. (US$ 24.4 bn.), which is second highest after CY’ 2010.
Foreign Trade and Current Account deficit (CAD)
For the month of November’ 2012, exports continued to contract and sharp increase in Oil & Gold imports increased Trade Deficit to US$ 19.3 bn. vs 15.8 bn. in November’ 2011. Trade Deficit from April to November’ 2012 stood at UD$ 129.5 vs. $122.6 bn. in the year ago period. High trade deficit resulted in all time high CAD in 2Q’13 at 5.4% of GDP vs.3.9% 1Q’13 and 4.2% in 2Q’12.
INR vs.US$
Sharp increase in Trade Deficits and CAD triggered weakness in INR, which lost 0.8% during the month to close at Rs.54.99 for 1US$ Vs. Rs.54.25 in November, 2012, despite strong FII flows in Equity & Debt markets.
Inflation
WPI Inflation dropped in November’ 2012 mainly due to drop in Index for manufactured products despite increase in inflation of Primary Articles.
MONTHLY REPORT – DECEMBER ‘2012
ECONOMY AND FINANCIAL MARKETS
Inflation (Based on WPI) For Month-ended YoY % Increase
October’ 2012 7.81
November’ 2012 7.24 Mid-quarter Review of Monetary Policy:
In Mid-quarter Review of Monetary Policy (18th December), RBI kept both CRR and policy rates unchanged. It acknowledged the need for shift in focus to growth and indicated to maintain enough liquidity. It also expressed possible fall-out on emerging economies from the happenings in developed economies
Debt Markets:
Liquidity in money markets turned tight- going beyond Rs 1,50,000 cr. and Call rate edged above Repo rate (8.0%). Post RBI policy Review on 18th Dec, yields remained flat but dropped sharply towards the end of the month with 10 yr. G-sec. closing at 8.05% (vs. 8.17% as at Nov. end) - on expectations of rate cut in January, Open Market Operations by RBI and improved perception of Fiscal Deficit.
Outlook
With expectation of cut in policy rates by RBI in its Quarterly Review of Monetary Policy on 29th January, Bond yields may trend lower, going forward. Rate action by RBI and its policy stance will influence direction of the Bond yields after Quarterly Review of Monetary Policy. Over medium term, interest rates appear to be heading downwards. Therefore investments in long dated Fixed Income instruments appear to be attractive. Stock Markets:
After sharp rally in November, indices maintained levels. Expectation of FDI limit increase in Retail sector and other reforms, and strong FII flows cushioned the impact of weak macroeconomic indicators. Broad Indices
Sensex Nifty
Close as on 30.11.12 19,340 5,880Close as on 31.12.12 19,427 5,905Change% 0.45 0.43
Besides domestic factors, resolution of fiscal cliff problem in US supported continued bullish sentiment with buoyancy in high beta and rate sensitive sectors viz. Metals, Reality, Banking and Auto out-performed the benchmark in the month of December’ 2012.
Sectoral Indices
Sectors (BSE) Index Nos. %
variation Dec-12 Nov-12
Cons. Durables 7,719 8,031 -3.9%
IT 5,684 5,888 -3.5%
FMCG 5,916 6,038 -2.0%
Cap. Goods 10,868 11,080 -1.9%
Power 1,991 1,980 0.5%
Healthcare 8,132 7,946 2.3%
Bankex 14,345 13,952 2.8%
Oil & Gas 8,519 8,252 3.2%
Auto 11,426 10,814 5.7%
Realty 2,111 1,998 5.6%
Metal 11,071 10,355 6.9%
Outlook At about 14.5 X to one year forward earnings estimates, indices are trading at reasonable valuations. Going forward, direction of the indices would be influenced by Third Quarter earnings growth, Monetary Policy of RBI, Policy Actions by GOI and Union Budget.
Performance Summary as on December 31, 2012
InveSTAR
6 Months 1 Year 2 Year 3 YearSince
Inception
SFIN
Balanced Fund
ULIF 001 18/02/09 SUD‐LI‐BL1 142
Equity Fund
14.33% 4.92% 12.14%5.67%
NAV Returns
Inception date AUM (Rs. Cr) NAV (Rs.)
Absolute CAGR
Scheme Name
/ /
18/02/2009 65.41 7.43%15.58
InveSTAR
Equity Fund
ULIF 002 25/02/09 SUD‐LI‐EQ1 142
Growth Fund *
ULIF 003 25/02/09 SUD‐LI‐GR1 142
Bond Fund
ULIF 004 25/02/09 SUD‐LI‐BN1 142
Individual Pension Fund ‐ Equity
ULIF 005 31/03/09 SUD‐PI‐EQ1 142
Individual Pension Fund ‐ Growth
ULIF 006 31/03/09 SUD‐PI‐GR1 142
Individual Pension Fund ‐ Balanced
6.92%10.08%
11.13% 22.31% 1.51%
7.14%
3.77%
4.60%
8.09%
12.45% 26.40% ‐1.04%
140.09 19.76
3.78%
4.92%
12.74% 26.07% ‐1.23% 21.49%
10.81% 21.68% 1.50% 19.18%
/ /
Individual
Life @
Pension Life
@@
25/02/2009
31/03/2009
25/02/2009 111.78 21.24
25/02/2009 25.76 12.88 5.46%
16.70%
14.46%90.69 16.61
31/03/2009 83.96 17.86
InveSTAR
Individual Pension Fund Balanced
ULIF 007 31/03/09 SUD‐PI‐BL1 142
Individual Pension Fund ‐ Bond
ULIF 008 31/03/09 SUD‐PI‐BN1 142
Apex Equity Fund
ULIF 009 20/01/10 SUD‐LA‐EQ1 142
Apex Growth Fund
ULIF 010 20/01/10 SUD‐LA‐GR1 142
Apex Balanced Fund
ULIF 011 20/01/10 SUD‐LA‐BL1 142
Apex Bond Fund
18.85% 3.39%
14.61% 4.86% 5.94%
7.16%
N.A
10.97%31/03/2009 55.73
Individual
Apex $
20/01/2010
31/03/2009 14.28 12.81 5.19%
455.8320/01/2010 11.58 12.24% 26.16% ‐1.11%
14.79 7.46%
9.72% 7.96% 6.81%
5.10%
5.80%
N A12 41 6 03% 11 04%
9.55%
N.A
N.A12.09 6.66%292.8520/01/2010
20/01/2010 11.81 10.74% 21.92% 1.25%
8 49% 7 59%90 92
457.82
InveSTAR
Apex Bond Fund
ULIF 012 20/01/10 SUD‐LA‐BN1 142
Individual Pension Fund ‐ Apex Equity
ULIF 013 20/01/10 SUD‐PA‐EQ1 142
Individual Pension Fund ‐ Apex Growth
ULIF 014 20/01/10 SUD‐PA‐GR1 142
Individual Pension Fund ‐ Apex Balanced
ULIF 015 20/01/10 SUD‐PA‐BL1 142
Individual Pension Fund ‐ Apex Bond
ULIF 016 20/01/10 SUD‐PA‐BN1 142
Express Balanced Fund
20/01/2010 11.55
Pension
Apex $$
20/01/2010
20/01/2010
20/01/2010
N.A12.41 6.03% 11.04%
5.04%
5.93%
7.23%
N.A
13.23%
148.36 11.56
8.01%
N.A10.98% 22.05% 1.00%
3.55%
8.49% 7.59%
27.58% ‐0.88% 5.00%128.72 N.A
90.92
19.26%
16 70% N AIndividual
29/04/2011 31 86 11 39 8 95%
66.47
24.6820/01/2010 12.28 5.43% 10.08% N.A
11.85 9.61%
N A 8 09%
InveSTAR
Express Balanced Fund
ULIF 017 29/04/11 SUD‐LX‐BL1 142
Discontinued Policies Fund
ULIF 018 03/06/11 SUD‐UL‐DP1 142
Total AUM 2355.62
@ For Dhan Suraksha, Dhan Suraksha Premium, Prabhat Tara Products@@ For Dhruv Tara Products $ For New Dhan Suraksha, New Dhan Suraksha Premium, New Prabhat Tara, Dhan Suraksha 3, Dhan Suraksha Premium 3 Products, Prabhat Tara 3 Products.$$ For New Dhruv Tara Products
03/06/2011 70.40 11.00 4.21% 8.58% N.A
16.70% N.AIndividual
Life *29/04/2011 31.86 11.39 8.95%
8.47%N.A
N.A 8.09%
InveSTAR
$$ For New Dhruv Tara Products* For Dhan Suraksha Express
InveSTAR InveSTAR
Investment Objective :
Date of Inception : SFIN No.
February 18, 2009 ULIF 001 18/02/09 SUD‐LI‐BL1 142
Products : AUM :
Rs. 65.41 Cr
% to AUM
`
Equity 29.38% Minimum Maximum
Infosys Ltd 2.84% 0% 60% 29.38%
Reliance Industries Ltd 2.73% 40% 100% 70.62%
State Bank of India 2.54%
Larsen & Toubro Limited 2.07%
ITC Ltd. 1.93%
Housing Development Finance Corporation Ltd. 1.84%
ICICI Bank Ltd 1.57%
Bajaj Auto Limited 1.47%
Aditya Birla Nuvo Limited 1.47%
Dr. Reddys Laboratories Ltd. 1.37%
HDFC Bank Ltd 1.35%
Mahindra & Mahindra Ltd. 1.16%
Tata Steel Limited 1.15%
Others (with < 1% exposure) 5.90%
Debt 60.50%
Gilts & SDL 5.44%
GOI 4.53%
SDL (with < 1% exposure) 0.91%
Corporate Bonds 55 06%
Equity
Debt, MM & Others
Benchmark :
S & P CNX Nifty ‐ 30%
CRISIL Composite Bond Index ‐ 70%
BALANCED FUND - DECEMBER, 2012
To aim for stable returns over medium to long term through investments in high quality fixed income and money
market instruments and enhance returns through a fair exposure to equity investments.
Investment PatternActual
Asset Mix
Particulars
For Dhan Suraksha, Dhan Suraksha Premium, Prabhat
Tara.
Debt60.50%
Equity29.38%
MM & Others10.12%
Asset Allocation (% to AUM)
Gilt8.99%
AA
AA+11.75%
Debt Rating Profile (% of Debt)
Corporate Bonds 55.06%
Housing Development Finance Corporation Ltd. 5.46%LIC Housing Finance Ltd 4.91%Power Finance Corporation Limited 4.66%Rural Electrification Corporation Limited 4.02%
Larsen & Toubro Limited 3.21%
The Great Eastern Shipping Co. Limited 3.17%
Steel Authority of India Ltd. 3.02%
Indian Oil Corporation Ltd 2.60%
Reliance Gas Transportation Infrastructure Limited 2.49%
The Indian Hotels Company Limited 2.34%
Dr. Reddy's Laboratories Ltd. 2.32%
Tech Mahindra Limited 1.86%
Reliance Capital Limited 1.70%
Tata Communications Limited 1.69%
National Housing Bank 1.67%
Raymond Ltd. 1.58%
Indian Railway Financial Corporation Ltd. 1.56%
Reliance Ports & Terminals Ltd. 1.49%
Power Grid Corporation of India Limited 1.36%
Others (with < 1% exposure) 3.96%
MM & Others 10.12%
Total 100.00%
`
12.21%
12.13%
6.05%
6.01%
5.41%
5.28%
4.52%
Housing Finance Services
Infrastructure finance services
Refinery
Banking Services
Computer software
Industrial Construction
Drugs & pharmaceuticals
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
21.57%
33.71%
17.42%
25.69%
1.60%
Debt Maturity Profile (% of Debt)
Debt60.50%
Equity29.38%
MM & Others10.12%
Asset Allocation (% to AUM)
Gilt8.99%
AAA76.65%
AA2.61%
AA+11.75%
Debt Rating Profile (% of Debt)
11
12
13
14
15
16
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Balance Fund Benchmark
12.21%
12.13%
6.05%
6.01%
5.41%
5.28%
4.52%
4.17%
3.17%
2.64%
Housing Finance Services
Infrastructure finance services
Refinery
Banking Services
Computer software
Industrial Construction
Drugs & pharmaceuticals
Steel
Shipping transport services
LNG storage & distribution
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
21.57%
33.71%
17.42%
25.69%
1.60%
Debt Maturity Profile (% of Debt)
Debt60.50%
Equity29.38%
MM & Others10.12%
Asset Allocation (% to AUM)
Gilt8.99%
AAA76.65%
AA2.61%
AA+11.75%
Debt Rating Profile (% of Debt)
9
10
11
12
13
14
15
16
Feb‐09
Apr‐09
Jun‐09
Aug‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Balance Fund Benchmark
Investment Objective:
Date of Inception : SFIN No.
February 25, 2009 ULIF 002 25/02/09 SUD‐LI‐EQ1 142
Products : AUM:
Rs. 111.78 Cr
Portfolio % to AUM
`
Equity 95.15% Minimum Maximum
Larsen & Toubro Limited 7.11% 80% 100% 95.15%
Reliance Industries Ltd 6.91% 0% 20% 4.85%
State Bank of India 4.90%
HDFC Bank Ltd 4.62%
ICICI Bank Ltd 4.40%
Infosys Ltd 4.39%
Housing Development Finance Corporation Ltd. 4.04%
Mahindra & Mahindra Ltd. 3.31%
Tata Consultancy Services Limited 3.31%
Axis Bank Limited 3.28%
Bharti Airtel Limited 3.08%
Aditya Birla Nuvo Limited 2.99%
Cipla Ltd. 2.97%
ITC Ltd. 2.84%
Coal India Limited 2.70%
Grasim Industries Ltd. 2.45%
Hindustan Unilever Limited 2 42%
Equity
MM & Others
EQUITY FUND - DECEMBER, 2012
Benchmark :
S & P CNX Nifty ‐ 90%
For Dhan Suraksha, Dhan Suraksha Premium, Prabhat
Tara.
CRISIL Liquid Fund Index ‐ 10%
To tap growth opportunities for long term capital appreciation through investments primarily in equity and
equity‐related instruments.
Investment PatternActual
Asset Mix
Particulars
Equity95 15%
MM & Others4.85%
Asset Allocation (% to AUM)
Hindustan Unilever Limited 2.42%
Hindalco Industries Ltd. 2.15%
Godrej Consumer Products Limited 2.06%
Tata Motors Limited 1.95%
Bajaj Auto Limited 1.89%
Sterlite Industries ( India ) Limited 1.83%
The Indian Hotels Company Limited 1.79%
Power Grid Corporation of India Limited 1.57%
HCL Technologies Ltd 1.54%
Tata Steel Limited 1.50%Sun Pharmaceuticals Industries Ltd 1.30%Oil & Natural Gas Corpn Ltd 1.25%Chambal Fertilizers & Chemicals Ltd 1.18%Hindustan Petroleum Corporation Ltd. 1.11%Lupin Limited 1.03%Others (with < 1% exposure) 7.30%
MM & Others 4.85%
Total 100.00%
`
18.38%
10.73%
8.05%
7.11%
6.22%
4.48%
4.04%
3.98%
Banking Services
Computer software
Refinery
Industrial Construction
Drugs & pharmaceuticals
Cosmetics, toiletries, soaps & detergents
Housing Finance Services
Copper & copper products
Top 10 Industry Exposure (% to AUM)
Equity95.15%
MM & Others4.85%
Asset Allocation (% to AUM)
9
11
13
15
17
19
21
23
25
Feb‐09
Apr‐09
Jun‐09
Aug‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Equity Fund Benchmark
18.38%
10.73%
8.05%
7.11%
6.22%
4.48%
4.04%
3.98%
3.31%
3.08%
Banking Services
Computer software
Refinery
Industrial Construction
Drugs & pharmaceuticals
Cosmetics, toiletries, soaps & detergents
Housing Finance Services
Copper & copper products
Passenger cars & multi utility vehicles
Telecommunication services
Top 10 Industry Exposure (% to AUM)
Equity95.15%
MM & Others4.85%
Asset Allocation (% to AUM)
9
11
13
15
17
19
21
23
25
Feb‐09
Apr‐09
Jun‐09
Aug‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Equity Fund Benchmark
Investment Objective :
Date of Inception : SFIN No.
February 25, 2009 ULIF 003 25/02/09 SUD‐LI‐GR1 142
Products : AUM:
Rs. 140.09 Cr
Portfolio % to AUM
`
Equity 72.76% Minimum Maximum
Larsen & Toubro Limited 5.13% 40% 100% 72.76%
Reliance Industries Ltd 4.12% 0% 60% 27.24%
Infosys Ltd 3.33%
Axis Bank Limited 3.26%
Mahindra & Mahindra Ltd. 3.18%
ICICI Bank Ltd 3.18%
HDFC Bank Ltd 2.99%
Hindustan Unilever Limited 2.72%
Coal India Limited 2.61%
Bajaj Auto Limited 2.48%
ITC Ltd. 2.39%
Bharti Airtel Limited 2.37%
State Bank of India 2.34%
Tata Consultancy Services Limited 2.30%
Aditya Birla Nuvo Limited 2.04%
Housing Development Finance Corporation Ltd. 1.98%
Power Grid Corporation of India Limited 1.96%
Tech Mahindra Limited 1.71%
IndusInd Bank Limited 1.65%
Grasim Industries Ltd. 1.46%
Sun Pharmaceuticals Industries Ltd 1.43%
Equity
Debt, MM & Others
To aim for medium to long term capital appreciation by maintaining a diversified portfolio of equity and equity
related instruments and fair exposure to high credit quality portfolio of debt and money market instruments.
Investment PatternActual
Asset Mix
Particulars
GROWTH FUND - DECEMBER, 2012
Benchmark :
S & P CNX Nifty ‐ 70%
CRISIL Composite Bond Index ‐ 30%
For Dhan Suraksha, Dhan Suraksha Premium, Prabhat
Tara & Dhan Suraksha Express.
Debt23.72%
Equity72.76%
MM & Others3.52%
Asset Allocation (% to AUM)
Gilt3.97%
AA+16.92%
Debt Rating Profile (% of Debt)
Sterlite Industries ( India ) Limited 1.23%
HCL Technologies Ltd 1.22%
Hindalco Industries Ltd. 1.19%
Hindustan Petroleum Corporation Ltd. 1.12%
Oil & Natural Gas Corpn Ltd 1.12%
Lupin Limited 1.08%
The Indian Hotels Company Limited 1.07%
Cipla Ltd. 1.04%
Tata Steel Limited 1.01%
Others (with < 1% exposure) 8.03%
Debt 23.72%
Gilts & SDL 0.94%
GOI 0.94%
Corporate Bonds 22.77%
Housing Development Finance Corporation Ltd. 2.70%
LIC Housing Finance Ltd 2.37%
Steel Authority of India Ltd. 2.30%
Power Finance Corporation Limited 1.93%
Reliance Ports & Terminals Ltd. 1.55%
The Indian Hotels Company Limited 1.46%
Tata Capital Financial Services Ltd 1.45%
Reliance Capital Limited 1.17%
Others (with < 1% exposure) 7.86%
MM & Others 3.52%
Total 100.00%
`
14.15%
9.98%
7.05%
6.82%
5.49%
4.26%
Banking Services
Computer software
Housing Finance Services
Refinery
Industrial Construction
Drugs & pharmaceuticals
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
22.64%
27.88%
16.19%
32.43%
0.86%
Debt Maturity Profile ( % of Debt)
Debt23.72%
Equity72.76%
MM & Others3.52%
Asset Allocation (% to AUM)
Gilt3.97%
AAA78.50%
AA0.61%
AA+16.92%
Debt Rating Profile (% of Debt)
12
13
14
15
16
17
18
19
20
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Growth Fund Benchmark
14.15%
9.98%
7.05%
6.82%
5.49%
4.26%
4.06%
3.98%
3.46%
3.18%
Banking Services
Computer software
Housing Finance Services
Refinery
Industrial Construction
Drugs & pharmaceuticals
Other Financial Services
Infrastructure finance services
Steel
Passenger cars & multi utility vehicles
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
22.64%
27.88%
16.19%
32.43%
0.86%
Debt Maturity Profile ( % of Debt)
Debt23.72%
Equity72.76%
MM & Others3.52%
Asset Allocation (% to AUM)
Gilt3.97%
AAA78.50%
AA0.61%
AA+16.92%
Debt Rating Profile (% of Debt)
9
10
11
12
13
14
15
16
17
18
19
20
Feb‐09
Apr‐09
Jun‐09
Aug‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Growth Fund Benchmark
Investment Objective :
Date of Inception : SFIN No.
February 25, 2009 ULIF 004 25/02/09 SUD‐LI‐BN1 142
Products : AUM :
Rs. 25.76 Cr
Portfolio % to AUM
`
Debt 91.54% Minimum Maximum
Gilts & SDL 19.81% 80% 100% 91.54%
GOI 18.12% 0% 20% 8.46%
SDL ‐ Gujarat 1.14%
SDL (with < 1% exposure) 0.56%
Corporate Bonds 71.73%
Housing Development Finance Corporation Ltd. 7.06%
The Great Eastern Shipping Co. Limited 6.43%
Reliance Gas Transportation Infrastructure Limited 4.80%
Power Grid Corporation of India Limited 4.37%
Larsen & Toubro Limited 4.29%
United Phosphorus Limited 4.08%
Indian Railway Financial Corporation Ltd. 3.95%
LIC Housing Finance Ltd 3.91%
Power Finance Corporation Limited 3.55%
Aditya Birla Nuvo Limited 3.09%
Steel Authority of India Ltd. 3.06%
Debt
MM & Others
CRISIL Composite Bond Index ‐ 90%
CRISIL Liquid Fund Index ‐ 10%
Benchmark :
BOND FUND - DECEMBER, 2012
To aim for stable returns over medium to long term by judicious mix of investments in Government securities and
high quality corporate debt of varying maturities and also in money market instruments.
Investment PatternActual
Asset Mix
Particulars
For Dhan Suraksha, Dhan Suraksha Premium, Prabhat
Tara.
Debt91.54%
MM & Others8.46%
Asset Allocation (% to AUM)
Gilt21 64%
AA+15 23%
Debt Rating Profile (% of Debt)y
MRF Ltd. 2.85%
Rural Electrification Corporation Limited 2.79%
Reliance Industries Ltd 2.77%
Reliance Ports & Terminals Ltd. 2.10%
National Bank For Agriculture And Rural Development 1.98%
Tata Capital Financial Services Ltd 1.97%
Tata Communications Limited 1.95%
TATA Sons 1.58%
Tech Mahindra Limited 1.58%
Indian Oil Corporation Ltd 1.23%
Others (with < 1% exposure) 2.33%
MM & Others 8.46%
Total 100.00%
`
13.04%
10.97%
6.43%
4.80%
4.78%
4.37%
4.29%
4.08%
3 45%
Infrastructure finance services
Housing Finance Services
Shipping transport services
LNG storage & distribution
Refinery
Electricity distribution
Industrial Construction
Pesticides
Steel
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
12.65%
26.99%
11.27%
43.66%
5.42%
Debt Maturity Profile ( % of Debt)
Debt91.54%
MM & Others8.46%
Asset Allocation (% to AUM)
Gilt21.64%
AAA62.70%
AA0.43%
AA+15.23%
Debt Rating Profile (% of Debt)
10
11
12
13
14
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Bond Fund Benchmark
13.04%
10.97%
6.43%
4.80%
4.78%
4.37%
4.29%
4.08%
3.45%
3.09%
Infrastructure finance services
Housing Finance Services
Shipping transport services
LNG storage & distribution
Refinery
Electricity distribution
Industrial Construction
Pesticides
Steel
Diversified
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
12.65%
26.99%
11.27%
43.66%
5.42%
Debt Maturity Profile ( % of Debt)
Debt91.54%
MM & Others8.46%
Asset Allocation (% to AUM)
Gilt21.64%
AAA62.70%
AA0.43%
AA+15.23%
Debt Rating Profile (% of Debt)
9
10
11
12
13
14
Feb‐09
Apr‐09
Jun‐09
Aug‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Bond Fund Benchmark
Investment Objective :
Date of Inception : SFIN No.
March 31, 2009 ULIF 005 31/03/09 SUD‐PI‐EQ1 142
Products : AUM :
Rs. 83.96 Cr
Portfolio % to AUM
`
Equity 94.37% Minimum Maximum
Reliance Industries Ltd 7.51% 80% 100% 94.37%
Larsen & Toubro Limited 7.50% 0% 20% 5.63%
State Bank of India 6.06%
Housing Development Finance Corporation Ltd. 5.11%
Tata Consultancy Services Limited 4.26%
ICICI Bank Ltd 4.16%
HDFC Bank Ltd 3.82%
Infosys Ltd 3.26%
Mahindra & Mahindra Ltd. 3.14%
Bharti Airtel Limited 3.00%
Bajaj Auto Limited 2.99%
Aditya Birla Nuvo Limited 2.98%
Hindalco Industries Ltd. 2.93%
Coal India Limited 2.79%
Axis Bank Limited 2.63%
Grasim Industries Ltd. 2.55%
Godrej Consumer Products Limited 2 51%
MM & Others
INDIVIDUAL PENSION FUND EQUITY - DECEMBER, 2012
Benchmark :
S & P CNX Nifty ‐ 90%
CRISIL Liquid Fund Index ‐ 10%
Equity
For Dhruv Tara Products
To seek consistent long term capital appreciation through investments primarily in equity and equity‐related
instruments by focusing predominantly on well established companies.
Asset Mix
ParticularsInvestment Pattern
Actual
MM & Others5.63%
Asset Allocation (% to AUM)
Godrej Consumer Products Limited 2.51%
Hindustan Unilever Limited 2.47%
Sun Pharmaceuticals Industries Ltd 2.39%
HCL Technologies Ltd 1.92%
Power Grid Corporation of India Limited 1.90%
ITC Ltd. 1.78%
Tata Motors Limited 1.62%
The Indian Hotels Company Limited 1.46%
Tata Steel Limited 1.43%
Lupin Limited 1.43%
Sterlite Industries ( India ) Limited 1.39%
Wipro Ltd 1.25%
IndusInd Bank Limited 1.21%
Oil & Natural Gas Corpn Ltd 1.08%
Others (with < 1% exposure) 5.85%
MM & Others 5.63%
Total 100.00%
`
17.88%
10.69%
7.69%
7.50%
5.19%
5.11%
4.98%
4 33%
Banking Services
Computer software
Refinery
Industrial Construction
Drugs & pharmaceuticals
Housing Finance Services
Cosmetics, toiletries, soaps & detergents
Copper & copper products
Top 10 Industry Exposure ( % to AUM)
Equity94.37%
MM & Others5.63%
Asset Allocation (% to AUM)
10
11
12
13
14
15
16
17
18
19
20
21
22
Mar‐09
May‐09
Jul‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Equity Benchmark
17.88%
10.69%
7.69%
7.50%
5.19%
5.11%
4.98%
4.33%
3.14%
3.00%
Banking Services
Computer software
Refinery
Industrial Construction
Drugs & pharmaceuticals
Housing Finance Services
Cosmetics, toiletries, soaps & detergents
Copper & copper products
Passenger cars & multi utility vehicles
Telecommunication services
Top 10 Industry Exposure ( % to AUM)
Equity94.37%
MM & Others5.63%
Asset Allocation (% to AUM)
10
11
12
13
14
15
16
17
18
19
20
21
22
Mar‐09
May‐09
Jul‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Equity Benchmark
Investment Objective :
Date of Inception : SFIN No.
March 31, 2009 ULIF 006 31/03/09 SUD‐PI‐GR1 142
Products : AUM :
Rs. 90.69 Cr
Portfolio % to AUM
`
Equity 70.55% Minimum Maximum
Reliance Industries Ltd 5.80% 40% 100% 70.55%
Larsen & Toubro Limited 5.36% 0% 60% 29.45%
Tata Consultancy Services Limited 3.88%
ICICI Bank Ltd 3.55%
State Bank of India 3.44%
HDFC Bank Ltd 3.27%
Bharti Airtel Limited 2.99%
Bajaj Auto Limited 2.61%
Housing Development Finance Corporation Ltd. 2.56%
Axis Bank Limited 2.50%
Aditya Birla Nuvo Limited 2.30%
ITC Ltd. 2.26%
Hindustan Unilever Limited 2.17%
Mahindra & Mahindra Ltd. 2.07%
Sterlite Industries ( India ) Limited 1.93%
Infosys Ltd 1.90%
Sun Pharmaceuticals Industries Ltd 1.78%
Tata Steel Limited 1.78%
Grasim Industries Ltd. 1.69%
Coal India Limited 1.65%
Power Grid Corporation of India Limited 1.52%
HCL Technologies Ltd 1.20%
IndusInd Bank Limited 1.14%
Equity
Debt, MM & Others
To seek consistent growth over medium to long term by focusing predominantly on well established companies
through investments primarily in equity and equity‐related instruments and fair exposure to high credit quality
portfolio of debt and money market instruments.
Asset Mix
ParticularsInvestment Pattern
Actual
INDIVIDUAL PENSION FUND GROWTH - DECEMBER, 2012
Benchmark :
S & P CNX Nifty ‐ 70%
CRISIL Composite Bond Index ‐ 30%
For Dhruv Tara Products
Debt24.11%
Equity70.55%
MM & Others5.34%
Asset Allocation (% to AUM)
Gilt5.19%
AA0.93%
AA+9.40%
Debt Rating Profile (% of Debt)
IndusInd Bank Limited 1.14%
Hindalco Industries Ltd. 1.02%
Others (with < 1% exposure) 10.18%
Debt 24.11%
Gilts & SDL 1.25%
GOI 1.18%
SDL (with < 1% exposure) 0.07%
Corporate Bonds 22.86%
Housing Development Finance Corporation Ltd. 3.62%
Steel Authority of India Ltd. 2.28%
Tech Mahindra Limited 2.01%
The Great Eastern Shipping Co. Limited 1.94%
Rural Electrification Corporation Limited 1.68%
Reliance Gas Transportation Infrastructure Limited 1.60%
Indian Oil Corporation Ltd 1.43%
Power Finance Corporation Limited 1.32%
Indian Railway Financial Corporation Ltd. 1.16%
Power Grid Corporation of India Limited 1.13%
The Indian Hotels Company Limited 1.13%
Tata Communications Limited 1.11%
Others (with < 1% exposure) 2.46%
MM & Others 5.34%
Total 100.00%
`
13.99%
9.95%
8.23%
6.30%
5.36%
4.55%
4.28%
Banking Services
Computer software
Refinery
Housing Finance Services
Industrial Construction
Infrastructure finance services
Steel
Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
2.81%
51.57%
15.13%
26.03%
4.45%
Debt Maturity Profile ( % of Debt)
Debt24.11%
Equity70.55%
MM & Others5.34%
Asset Allocation (% to AUM)
Gilt5.19%
AAA84.48%
AA0.93%
AA+9.40%
Debt Rating Profile (% of Debt)
12
13
14
15
16
17
18
19
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Growth Benchmark
13.99%
9.95%
8.23%
6.30%
5.36%
4.55%
4.28%
4.09%
3.56%
2.95%
Banking Services
Computer software
Refinery
Housing Finance Services
Industrial Construction
Infrastructure finance services
Steel
Telecommunication services
Drugs & pharmaceuticals
Copper & copper products
Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
2.81%
51.57%
15.13%
26.03%
4.45%
Debt Maturity Profile ( % of Debt)
Debt24.11%
Equity70.55%
MM & Others5.34%
Asset Allocation (% to AUM)
Gilt5.19%
AAA84.48%
AA0.93%
AA+9.40%
Debt Rating Profile (% of Debt)
10
11
12
13
14
15
16
17
18
19
Mar‐09
May‐09
Jul‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Growth Benchmark
Investment Objective :
Date of Inception : SFIN No.
March 31, 2009 ULIF 007 31/03/09 SUD‐PI‐BL1 142
Products : AUM :
Rs. 55.73 Cr
Portfolio % to AUM
`
Equity 29.03% Minimum Maximum
Reliance Industries Ltd 3.57% 0% 60% 29.03%
Infosys Ltd 2.96% 40% 100% 70.97%
Larsen & Toubro Limited 2.21%
Housing Development Finance Corporation Ltd. 2.06%
ICICI Bank Ltd 1.84%Mahindra & Mahindra Ltd. 1.84%
Aditya Birla Nuvo Limited 1.62%
Tata Global Beverages Ltd. 1.44%
ITC Ltd. 1.16%
Bharti Airtel Limited 1.11%
Grasim Industries Ltd. 1.02%
Hindalco Industries Ltd. 1.01%
Others (with < 1% exposure) 7.20%
Debt 63.56%
Gilts & SDL 7.61%
GOI 4.02%State Government ‐ Tamil Nadu 2.71%SDL (with < 1% exposure) 0.89%
d %
INDIVIDUAL PENSION FUND BALANCED - DECEMBER, 2012
Benchmark :
S & P CNX Nifty ‐ 30%
CRISIL Composite Bond Index ‐ 70%
Equity
For Dhruv Tara Products
Debt, MM & Others
To aim for stable returns over medium to long term through investments in high quality fixed income and
money market instruments and enhance returns through a fair exposure to equity investments.
Asset Mix
ParticularsInvestment Pattern
Actual
Debt63.56%
Equity29.03%
MM & Others7.41%
Asset Allocation (% to AUM)
Gilt11.98%
AA1.72%
AA+11.00%
Debt Rating Profile (% of Debt)
Corporate Bonds 55.95%
Rural Electrification Corporation Limited 6.42%Housing Development Finance Corporation Ltd. 6.26%LIC Housing Finance Ltd 4.50%
Indian Oil Corporation Ltd 4.17%
The Great Eastern Shipping Co. Limited 3.34%
Steel Authority of India Ltd. 3.00%
Power Finance Corporation Limited 2.88%
Tata Communications Limited 2.88%
Larsen & Toubro Limited 2.87%
The Indian Hotels Company Limited 2.75%
Tech Mahindra Limited 2.55%
Reliance Gas Transportation Infrastructure Limited 1.84%
Power Grid Corporation of India Limited 1.35%
TATA Sons 1.27%
National Bank For Agriculture And Rural Development 1.11%
Tata Steel Limited 1.09%
Reliance Industries Ltd 1.07%
Indian Railway Financial Corporation Ltd. 1.07%
Others (with < 1% exposure) 5.51%
MM & Others 7.41%
Total 100.00%
`
12.82%
12.20%
9.17%
5.51%
5.08%
4.90%
4.20%
3 99%
Housing Finance Services
Infrastructure finance services
Refinery
Computer software
Industrial Construction
Steel
Banking Services
Telecommunication
Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
12.21%
32.98%
19.99%
30.44%
4.37%
Debt Maturity Profile ( % of Debt)
Debt63.56%
Equity29.03%
MM & Others7.41%
Asset Allocation (% to AUM)
Gilt11.98%
AAA75.30%
AA1.72%
AA+11.00%
Debt Rating Profile (% of Debt)
11
12
13
14
15
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Bal Benchmark
12.82%
12.20%
9.17%
5.51%
5.08%
4.90%
4.20%
3.99%
3.34%
2.75%
Housing Finance Services
Infrastructure finance services
Refinery
Computer software
Industrial Construction
Steel
Banking Services
Telecommunication services
Shipping transport services
Hotels & restaurants
Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
12.21%
32.98%
19.99%
30.44%
4.37%
Debt Maturity Profile ( % of Debt)
Debt63.56%
Equity29.03%
MM & Others7.41%
Asset Allocation (% to AUM)
Gilt11.98%
AAA75.30%
AA1.72%
AA+11.00%
Debt Rating Profile (% of Debt)
10
11
12
13
14
15
Mar‐09
May‐09
Jul‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Bal Benchmark
Investment Objective :
Date of Inception : SFIN No.
March 31, 2009 ULIF 008 31/03/09 SUD‐PI‐BN1 142
Products : AUM :
Rs. 14.28 Cr
Portfolio % to AUM
`
Debt 86.83% Minimum Maximum
Gilts & SDL 15.31% 80% 100% 86.83%
GOI 6.72% 0% 20% 13.17%
State Government ‐ Tamil Nadu 3.52%
SDL ‐ Andhra Pradesh 1.96%
SDL ‐ Gujarat 1.37%
SDL ‐ Kerala 1.34%
SDL (with < 1% exposure) 0.40%
Corporate Bonds 71.52%
Larsen & Toubro Limited 7.76%
Power Grid Corporation of India Limited 7.51%
LIC Housing Finance Ltd 6.38%
Indian Oil Corporation Ltd 5.19%
Reliance Gas Transportation Infrastructure Limited 5.04%
Steel Authority of India Ltd. 4.83%
INDIVIDUAL PENSION FUND BOND - DECEMBER, 2012
Benchmark :
CRISIL Composite Bond Index ‐ 90%
CRISIL Liquid Fund Index ‐ 10%
Debt
For Dhruv Tara Products
MM & Others
To aim for stable returns over medium to long term by judicious mix of investments in Government securities and high
quality corporate debt of varying maturities and also in money market instruments.
Asset Mix
ParticularsInvestment Pattern
Actual
Debt86.83%
MM & Others13.17%
Asset Allocation (% to AUM)
( )y %
Rural Electrification Corporation Limited 4.31%
National Bank For Agriculture And Rural Development 4.30%
The Indian Hotels Company Limited 3.58%
Housing Development Finance Corporation Ltd. 3.44%
MRF Ltd. 2.93%
Power Finance Corporation Limited 2.81%
TATA Sons 2.14%
Tech Mahindra Limited 2.13%
Tata Communications Limited 2.11%
Tata Steel Limited 1.42%
National Housing Bank 1.39%
Indian Railway Financial Corporation Ltd. 1.39%
Others (with < 1% exposure) 2.85%
MM & Others 13.17%
Total 100.00%
`
14.20%
9.82%
7.76%
7.51%
6.25%
5.91%
5.04%
3.58%
Infrastructure finance services
Housing Finance Services
Industrial Construction
Electricity distribution
Steel
Refinery
LNG storage & distribution
Hotels & restaurants
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
6.72%
26.53%
20.57%
42.02%
4.17%
Debt Maturity Profile ( % of Debt)
Debt86.83%
MM & Others13.17%
Asset Allocation (% to AUM)
Gilt17.63%
AAA70.00%
AA1.64%
AA+10.73%
Debt Rating Profile (% of Debt)
10.0
11.0
12.0
13.0
NAV/U
NIT (Rs)
NAV Performance (Since Inception)Pen Bond Benchmark
14.20%
9.82%
7.76%
7.51%
6.25%
5.91%
5.04%
3.58%
2.93%
2.14%
Infrastructure finance services
Housing Finance Services
Industrial Construction
Electricity distribution
Steel
Refinery
LNG storage & distribution
Hotels & restaurants
Tyres and Tubes
Securities investment services
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
6.72%
26.53%
20.57%
42.02%
4.17%
Debt Maturity Profile ( % of Debt)
Debt86.83%
MM & Others13.17%
Asset Allocation (% to AUM)
Gilt17.63%
AAA70.00%
AA1.64%
AA+10.73%
Debt Rating Profile (% of Debt)
9.0
10.0
11.0
12.0
13.0
Mar‐09
May‐09
Jul‐09
Oct‐09
Dec‐09
Feb‐10
Apr‐10
Jun‐10
Aug‐10
Oct‐10
Dec‐10
Feb‐11
Apr‐11
Jun‐11
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)Pen Bond Benchmark
Investment Objective :
Date of Inception : SFIN No.
January 20, 2010 ULIF 009 20/01/10 SUD‐LA‐EQ1 142
Products: AUM :
Rs. 455.83 Cr
Portfolio % to AUM
`
Equity 94.09% Minimum Maximum
Reliance Industries Ltd 5.87% 80% 100% 94.09%
Larsen & Toubro Limited 5.08% 0% 20% 5.91%
HDFC Bank Ltd 4.27%
Axis Bank Limited 4.10%
Mahindra & Mahindra Ltd. 3.74%
Infosys Ltd 3.45%
ITC Ltd. 3.36%
Tata Consultancy Services Limited 3.32%
Hindustan Unilever Limited 3.10%
Housing Development Finance Corporation Ltd. 3.05%
ICICI Bank Ltd 3.01%
Sun Pharmaceuticals Industries Ltd 2.93%
Bharti Airtel Limited 2.72%
Power Grid Corporation of India Limited 2.71%
State Bank of India 2.68%
Hindalco Industries Ltd. 2.38%
Tech Mahindra Limited 2.24%
Tata Motors Limited 2.20%
APEX EQUITY FUND - DECEMBER, 2012
To tap growth opportunities for long term capital appreciation through investments primarily in equity and equity‐
related instruments.
Investment PatternActual
Asset Mix
Particulars
For New Dhan Suraksha, New Dhan Suraksha Premium,
New Prabhat Tara, Dhan Suraksha 3 & Dhan Suraksha
Premium 3, Prabhat Tara 3.
Equity
MM & Others
Benchmark :
S & P CNX Nifty ‐ 90%
CRISIL Liquid Fund Index ‐ 10%
Equity
MM & Others5.91%
Asset Allocation (% to AUM)
Tata Motors Limited 2.20%
Aditya Birla Nuvo Limited 2.20%
Coal India Limited 2.03%
Tata Global Beverages Ltd. 1.94%
Bajaj Auto Limited 1.88%
Oil & Natural Gas Corpn Ltd 1.78%
Ambuja Cements Ltd 1.76%
Tata Steel Limited 1.70%
HCL Technologies Ltd 1.62%
IndusInd Bank Limited 1.46%
Grasim Industries Ltd. 1.44%
Wipro Ltd 1.37%
Lupin Limited 1.29%
ACC Limited 1.27%
The Indian Hotels Company Limited 1.21%
Cipla Ltd. 1.19%
Hindustan Petroleum Corporation Ltd. 1.13%
Chambal Fertilizers & Chemicals Ltd 1.07%
Others (with < 1% exposure) 7.54%
MM & Others 5.91%
Total 100.00%
`
15.81%
12.00%
7.31%
6.47%
5.08%
3.84%
3.74%
3.44%
Banking Services
Computer software
Refinery
Drugs & pharmaceuticals
Industrial Construction
Cosmetics, toiletries, soaps & detergents
Passenger cars & multi utility vehicles
Copper & copper products
Top 10 Industry Exposure ( % to AUM)
Equity94.09%
MM & Others5.91%
Asset Allocation (% to AUM)
8.0
9.0
10.0
11.0
12.0
13.0
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Apex Equity Benchmark
15.81%
12.00%
7.31%
6.47%
5.08%
3.84%
3.74%
3.44%
3.36%
3.05%
Banking Services
Computer software
Refinery
Drugs & pharmaceuticals
Industrial Construction
Cosmetics, toiletries, soaps & detergents
Passenger cars & multi utility vehicles
Copper & copper products
Tobacco products
Housing Finance Services
Top 10 Industry Exposure ( % to AUM)
Equity94.09%
MM & Others5.91%
Asset Allocation (% to AUM)
8.0
9.0
10.0
11.0
12.0
13.0
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Apex Equity Benchmark
Investment Objective :
Date of Inception : SFIN No.
January 20, 2010 ULIF 010 20/01/10 SUD‐LA‐GR1 142
Products : AUM :
Rs. 457.82 Cr
Portfolio % to AUM
`
Equity 71.82% Minimum Maximum
Reliance Industries Ltd 4.20% 55% 85% 71.82%
Larsen & Toubro Limited 3.74% 15% 45% 28.18%
Mahindra & Mahindra Ltd. 3.24%
Axis Bank Limited 3.13%
HDFC Bank Ltd 2.76%
Infosys Ltd 2.59%
Hindustan Unilever Limited 2.43%
Power Grid Corporation of India Limited 2.36%
ICICI Bank Ltd 2.30%
Tata Consultancy Services Limited 2.23%
Bharti Airtel Limited 2.17%
ITC Ltd. 2.16%
Tech Mahindra Limited 2.15%
Housing Development Finance Corporation Ltd. 2.01%
Sun Pharmaceuticals Industries Ltd 1.93%
State Bank of India 1.90%
Aditya Birla Nuvo Limited 1.86%
Ambuja Cements Ltd 1.78%
Hindalco Industries Ltd. 1.71%
Tata Global Beverages Ltd. 1.62%
Coal India Limited 1.51%
APEX GROWTH FUND - DECEMBER, 2012
To aim for medium to long term capital appreciation by maintaining a diversified portfolio of equity and
equity related instruments and fair exposure to high credit quality portfolio of debt and money market
instruments.
Investment PatternActual
Asset Mix
Particulars
For New Dhan Suraksha, New Dhan Suraksha
Premium, New Prabhat Tara, Dhan Suraksha 3 &
Dhan Suraksha Premium 3, Prabhat Tara 3.
Equity
Debt, MM & Others
Benchmark :
S & P CNX Nifty ‐ 70%
CRISIL Composite Bond Index ‐ 30%
Debt24.07%
Equity71.82%
MM & Others4.11%
Asset Allocation (% to AUM)
Gilt10.91%
AA
AA+18.30%
Debt Rating Profile (% of Debt)
IndusInd Bank Limited 1.49%
Tata Steel Limited 1.40%
Oil & Natural Gas Corpn Ltd 1.39%
Tata Motors Limited 1.38%
Lupin Limited 1.37%
Bajaj Auto Limited 1.37%
Wipro Ltd 1.17%
Sterlite Industries ( India ) Limited 1.07%
Others (with < 1% exposure) 11.39%
Debt 24.07%
Gilts & SDL 2.63%
GOI 2.39%
SDL (with < 1% exposure) 0.24%
Corporate Bonds 21.44%
Housing Development Finance Corporation Ltd. 4.21%
Power Grid Corporation of India Limited 1.49%
Rural Electrification Corporation Limited 1.34%
Power Finance Corporation Limited 1.29%
Sundaram Finance Ltd. 1.16%
Others (with < 1% exposure) 11.95%
MM & Others 4.11%
Total 100.00%
`
11.92%
9.47%
7.12%
6.06%
5.22%
4.66%
3.96%
Banking Services
Computer software
Housing Finance Services
Refinery
Drugs & pharmaceuticals
Infrastructure finance services
Industrial Construction
Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
19.18%
23.19%
9.20%
36.40%
12.03%
Debt Maturity Profile ( % of Debt)
Debt24.07%
Equity71.82%
MM & Others4.11%
Asset Allocation (% to AUM)
Gilt10.91%
AAA68.91%
AA1.87%
AA+18.30%
Debt Rating Profile (% of Debt)
10.0
10.5
11.0
11.5
12.0
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Apex Growth Benchmark
11.92%
9.47%
7.12%
6.06%
5.22%
4.66%
3.96%
3.85%
3.24%
3.12%
Banking Services
Computer software
Housing Finance Services
Refinery
Drugs & pharmaceuticals
Infrastructure finance services
Industrial Construction
Electricity distribution
Passenger cars & multi utility vehicles
Copper & copper products
Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
19.18%
23.19%
9.20%
36.40%
12.03%
Debt Maturity Profile ( % of Debt)
Debt24.07%
Equity71.82%
MM & Others4.11%
Asset Allocation (% to AUM)
Gilt10.91%
AAA68.91%
AA1.87%
AA+18.30%
Debt Rating Profile (% of Debt)
9.0
9.5
10.0
10.5
11.0
11.5
12.0
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Apex Growth Benchmark
Investment Objective :
Date of Inception : SFIN No.
January 20, 2010 ULIF 011 20/01/10 SUD‐LA‐BL1 142
Products : AUM :
Rs. 292.85 Cr
Portfolio % to AUM
`
Equity 50.86% Minimum Maximum
Reliance Industries Ltd 2.95% 35% 65% 50.86%
Larsen & Toubro Limited 2.89% 35% 65% 49.14%
Mahindra & Mahindra Ltd. 2.65%
Infosys Ltd 2.39%
HDFC Bank Ltd 2.10%
Hindustan Unilever Limited 1.95%
Tech Mahindra Limited 1.95%
Axis Bank Limited 1.76%
Aditya Birla Nuvo Limited 1.61%
Tata Global Beverages Ltd. 1.61%
ICICI Bank Ltd 1.57%
Power Grid Corporation of India Limited 1.54%
State Bank of India 1.49%
Bharti Airtel Limited 1.43%
Power Finance Corporation Limited 1.32%
Coal India Limited 1.32%
Lupin Limited 1.28%
Sun Pharmaceuticals Industries Ltd 1.27%
Tata Steel Limited 1.21%
ITC Ltd. 1.20%
Others (with < 1% exposure) 15.37%
APEX BALANCED FUND - DECEMBER, 2012
Investment PatternActual
Asset Mix
Particulars
Equity
Debt, MM & Others
To optimize returns over medium to long term, by aiming balance between risk and return, through investments in
high quality equity and debt instruments.
Benchmark :
S & P CNX Nifty ‐ 50%
CRISIL Composite Bond Index ‐ 50%
For New Dhan Suraksha, New Dhan Suraksha
Premium, New Prabhat Tara, Dhan Suraksha 3 & Dhan
Suraksha Premium 3, Prabhat Tara 3.
Debt40.91%
Equity50.86%
MM & Others8.23%
Asset Allocation( % to AUM)
Gilt13.71%
AA+15.94%
Debt Rating Profile (% of Debt)
Debt 40.91%
Gilts & SDL 5.61%
GOI 2.52%
SDL (with < 1% exposure) 3.10%
Corporate Bonds 35.30%
Housing Development Finance Corporation Ltd. 4.15%
LIC Housing Finance Ltd 3.69%
Power Finance Corporation Limited 2.82%
Reliance Ports & Terminals Ltd. 2.03%
United Phosphorus Limited 1.80%
Raymond Ltd. 1.76%
Infrastructure Leasing & Financial Services Ltd. 1.63%
Reliance Gas Transportation Infrastructure Limited 1.59%
Power Grid Corporation of India Limited 1.47%
UltraTech Cement Limited 1.47%
HDB Financial Services LTD 1.40%
Sundaram Finance Ltd. 1.27%
Hindalco Industries Ltd. 1.22%Others (with < 1% exposure) 9.03%
MM & Others 8.23%
Total 100.00%
`
9.01%
8.04%
6.87%
5.70%
4.01%
3.98%
3.86%
3 16%
Housing Finance Services
Banking Services
Computer software
Infrastructure finance services
Refinery
Industrial Construction
Drugs & pharmaceuticals
Cement
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
15.13%
25.82%
10.32%
46.89%
1.83%
Debt Maturity Profile ( % of Debt)
Debt40.91%
Equity50.86%
MM & Others8.23%
Asset Allocation( % to AUM)
Gilt13.71%
AAA66.04%
AA4.31%
AA+15.94%
Debt Rating Profile (% of Debt)
10
10.5
11
11.5
12
12.5
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Apex Balance Benchmark
9.01%
8.04%
6.87%
5.70%
4.01%
3.98%
3.86%
3.16%
3.01%
2.91%
Housing Finance Services
Banking Services
Computer software
Infrastructure finance services
Refinery
Industrial Construction
Drugs & pharmaceuticals
Cement
Electricity distribution
Copper & copper products
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
15.13%
25.82%
10.32%
46.89%
1.83%
Debt Maturity Profile ( % of Debt)
Debt40.91%
Equity50.86%
MM & Others8.23%
Asset Allocation( % to AUM)
Gilt13.71%
AAA66.04%
AA4.31%
AA+15.94%
Debt Rating Profile (% of Debt)
9
9.5
10
10.5
11
11.5
12
12.5
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Apex Balance Benchmark
Investment Objective :
Date of Inception : SFIN No.
January 20, 2010 ULIF 012 20/01/10 SUD‐LA‐BN1 142
Products : AUM :
Rs. 90.92 Cr
Portfolio % to AUM
`
Debt 90.38% Minimum Maximum
Gilts & SDL 17.85% 80% 100% 90.38%
GOI 14.36% 0% 20% 9.62%
State Government ‐ Tamil Nadu 2.21%
SDL (with < 1% exposure) 1.27%
Corporate Bonds 72.53%
Power Grid Corporation of India Limited 7.87%
National Thermal Power Corporation Limited 7.74%
LIC Housing Finance Ltd 6.99%
Reliance Ports & Terminals Ltd. 5.60%
Housing Development Finance Corporation Ltd. 3.98%
Steel Authority of India Ltd. 3.33%
Infrastructure Leasing & Financial Services Ltd. 2.91%
Reliance Capital Limited 2.84%
Power Finance Corporation Limited 2.81%
Hindalco Industries Ltd. 2.80%
R li I d t i Ltd 2 66%
APEX BOND FUND - DECEMBER, 2012
To aim for stable returns over medium to long term by judicious mix of investments in Government securities and
high quality corporate debt of varying maturities and also in money market instruments.
Investment PatternActual
Asset Mix
For New Dhan Suraksha, New Dhan Suraksha Premium,
New Prabhat Tara, Dhan Suraksha 3 & Dhan Suraksha
Premium 3, Prabhat Tara 3.
DEBT
MM & Others
Particulars
Benchmark :
CRISIL Composite Bond Index ‐ 90%
CRISIL Liquid Fund Index ‐ 10%
Debt90.38%
MM & Others9.62%
Asset Allocation (% to AUM)
Gilt19.75%AA+
13 83%
Debt Rating Profile (% of Debt)Reliance Industries Ltd 2.66%
The Great Eastern Shipping Co. Limited 2.27%
The Indian Hotels Company Limited 2.25%
Rural Electrification Corporation Limited 2.13%
Sundaram Finance Ltd. 1.75%
MRF Ltd. 1.73%
L & T Finance Ltd. 1.66%
Larsen & Toubro Limited 1.65%
TATA Sons 1.45%
Reliance Gas Transportation Infrastructure Limited 1.41%
Dr. Reddy's Laboratories Ltd. 1.21%
National Bank For Agriculture And Rural Development 1.12%
Aditya Birla Nuvo Limited 1.10%
Others (with < 1% exposure) 3.27%
MM & Others 9.62%
Total 100.00%
`
10.98%
7.87%
7.74%
7.27%
5.60%
3.33%
2.99%
2.91%
Housing Finance Services
Electricity distribution
Electricity generation
Infrastructure finance services
Service activities incidental to water transportation
Steel
Refinery
Other Fund Base Financial Services
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
12.36% 11.77% 10.37%
39.69%
25.82%
Debt Maturity Profile ( % of Debt)
Debt90.38%
MM & Others9.62%
Asset Allocation (% to AUM)
Gilt19.75%
AAA65.48%
AA0.94%
AA+13.83%
Debt Rating Profile (% of Debt)
10.4
10.6
10.8
11.0
11.2
11.4
11.6
11.8
12.0
12.2
12.4
12.6
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Apex Bond Benchmark
10.98%
7.87%
7.74%
7.27%
5.60%
3.33%
2.99%
2.91%
2.84%
2.80%
Housing Finance Services
Electricity distribution
Electricity generation
Infrastructure finance services
Service activities incidental to water transportation
Steel
Refinery
Other Fund Base Financial Services
Investment services
Copper & copper products
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
12.36% 11.77% 10.37%
39.69%
25.82%
Debt Maturity Profile ( % of Debt)
Debt90.38%
MM & Others9.62%
Asset Allocation (% to AUM)
Gilt19.75%
AAA65.48%
AA0.94%
AA+13.83%
Debt Rating Profile (% of Debt)
9.8
10.0
10.2
10.4
10.6
10.8
11.0
11.2
11.4
11.6
11.8
12.0
12.2
12.4
12.6
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Apex Bond Benchmark
Investment Objective :
Date of Inception : SFIN No.
January 20, 2010 ULIF 013 20/01/10 SUD‐PA‐EQ1 142
Products : AUM :
Rs. 128.72 Cr
Portfolio % to AUM
`
Equity 92.54% Minimum Maximum
Reliance Industries Ltd 6.40% 80% 100% 92.54%
Larsen & Toubro Limited 6.30% 0% 20% 7.46%
HDFC Bank Ltd 4.51%
State Bank of India 4.47%
Housing Development Finance Corporation Ltd. 4.40%
Tata Consultancy Services Limited 4.00%
Mahindra & Mahindra Ltd. 3.86%
Axis Bank Limited 3.52%
Infosys Ltd 3.32%
Aditya Birla Nuvo Limited 3.13%
ICICI Bank Ltd 2.93%
Power Grid Corporation of India Limited 2.86%
Godrej Consumer Products Limited 2.76%
Bharti Airtel Limited 2.70%
Hindalco Industries Ltd. 2.52%
Hindustan Unilever Limited 2.47%
Tata Motors Limited 2 27%
INDIVIDUAL PENSION FUND APEX EQUITY - DECEMBER, 2012
Benchmark :
S & P CNX Nifty ‐ 90%
CRISIL Liquid Fund Index ‐ 10%
Equity
For New Dhruv Tara Products
MM & Others
To seek consistent long term capital appreciation through investments primarily in equity and equity‐related
instruments by focusing predominantly on well established companies.
Asset Mix
ParticularsInvestment Pattern
Actual
MM & Others7.46%
Asset Allocation (% to AUM)
Tata Motors Limited 2.27%
Sun Pharmaceuticals Industries Ltd 2.26%
HCL Technologies Ltd 2.11%
Tata Steel Limited 2.08%
ITC Ltd. 2.03%
Grasim Industries Ltd. 1.93%
Lupin Limited 1.79%
Coal India Limited 1.78%
Bajaj Auto Limited 1.56%
Oil & Natural Gas Corpn Ltd 1.54%
IndusInd Bank Limited 1.50%
The Indian Hotels Company Limited 1.43%
Cipla Ltd. 1.38%
Sterlite Industries ( India ) Limited 1.33%
Others (with < 1% exposure) 7.39%
MM & Others 7.46%
Total 100.00%
`
17.19%
10.44%
6.58%
6.33%
6.30%
5.23%
4.40%
3.86%
Banking Services
Computer software
Refinery
Drugs & pharmaceuticals
Industrial Construction
Cosmetics, toiletries, soaps & detergents
Housing Finance Services
Passenger cars & multi utility vehicles
Top 10 Industry Exposure ( % to AUM)
Equity92.54%
MM & Others7.46%
Asset Allocation (% to AUM)
8.5
9.0
9.5
10.0
10.5
11.0
11.5
12.0
12.5
13.0
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Apex Equity Benchmark
17.19%
10.44%
6.58%
6.33%
6.30%
5.23%
4.40%
3.86%
3.85%
3.13%
Banking Services
Computer software
Refinery
Drugs & pharmaceuticals
Industrial Construction
Cosmetics, toiletries, soaps & detergents
Housing Finance Services
Passenger cars & multi utility vehicles
Copper & copper products
Diversified
Top 10 Industry Exposure ( % to AUM)
Equity92.54%
MM & Others7.46%
Asset Allocation (% to AUM)
8.5
9.0
9.5
10.0
10.5
11.0
11.5
12.0
12.5
13.0
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Apex Equity Benchmark
Investment Objective :
Date of Inception : SFIN No.
January 20, 2010 ULIF 014 20/01/10 SUD‐PA‐GR1 142
Products : AUM :
Rs. 148.36 Cr
Portfolio % to AUM
`
Equity 69.42% Minimum Maximum
Larsen & Toubro Limited 4.59% 55% 85% 69.42%
Reliance Industries Ltd 4.39% 15% 45% 30.58%
Mahindra & Mahindra Ltd. 3.51%
Housing Development Finance Corporation Ltd. 3.32%
HDFC Bank Ltd 3.21%
Infosys Ltd 3.04%
State Bank of India 2.89%
Bharti Airtel Limited 2.81%
Tata Consultancy Services Limited 2.58%
Axis Bank Limited 2.43%
ITC Ltd. 2.43%
Hindustan Unilever Limited 2.26%
Power Grid Corporation of India Limited 1.98%
Coal India Limited 1.82%
Aditya Birla Nuvo Limited 1.76%
Tata Steel Limited 1.75%
Sun Pharmaceuticals Industries Ltd 1.61%
ICICI Bank Ltd 1.56%
Bajaj Auto Limited 1.53%
INDIVIDUAL PENSION FUND APEX GROWTH - DECEMBER, 2012
Benchmark :
S & P CNX Nifty ‐ 70%
CRISIL Composite Bond Index ‐ 30%
Equity
For New Dhruv Tara Products
Debt, MM & Others
To seek consistent growth over medium to long term by focusing predominantly on well established
companies through investments primarily in equity and equity‐related instruments and fair exposure to high
credit quality portfolio of debt and money market instruments.
Asset Mix
ParticularsInvestment Pattern
Actual
Debt26.81%
Equity69.42%
MM & Others3.76%
Asset Allocation (% to AUM)
Gilt18 44%
AA+
Debt Rating Profile (% of Debt)
j j
Cipla Ltd. 1.52%
HCL Technologies Ltd 1.48%
Hindalco Industries Ltd. 1.44%
Tech Mahindra Limited 1.36%
Godrej Consumer Products Limited 1.24%
Lupin Limited 1.20%
Grasim Industries Ltd. 1.19%
Others (with < 1% exposure) 10.52%
Debt 26.81%
Gilts & SDL 4.94%
GOI 3.84%
SDL (with < 1% exposure) 1.10%
Corporate Bonds 21.87%Power Finance Corporation Limited 3.58%
Housing Development Finance Corporation Ltd. 3.03%
Reliance Ports & Terminals Ltd. 2.92%
LIC Housing Finance Ltd 1.96%
Dr. Reddy's Laboratories Ltd. 1.37%
Reliance Gas Transportation Infrastructure Limited 1.05%
National Housing Bank 1.01%
Others (with < 1% exposure) 6.97%
MM & Others 3.76%
Total 100.00%
`
11.24%
9.92%
8.30%
6.49%
6.38%
5.29%
5.26%
Banking Services
Computer software
Housing Finance Services
Infrastructure finance services
Drugs & pharmaceuticals
Refinery
Industrial Construction
Passenger cars & multi utility
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
10.59%
37.85%
11.77%
33.97%
5.81%
Debt Maturity Profile ( % of Debt)
Debt26.81%
Equity69.42%
MM & Others3.76%
Asset Allocation (% to AUM)
Gilt18.44%
AAA75.19%
AA+6.37%
Debt Rating Profile (% of Debt)
9 5
10.0
10.5
11.0
11.5
12.0
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Apex Growth Benchmark
11.24%
9.92%
8.30%
6.49%
6.38%
5.29%
5.26%
3.51%
3.50%
2.92%
Banking Services
Computer software
Housing Finance Services
Infrastructure finance services
Drugs & pharmaceuticals
Refinery
Industrial Construction
Passenger cars & multi utility vehicles
Cosmetics, toiletries, soaps & detergents
Service activities incidental to water transportation
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
10.59%
37.85%
11.77%
33.97%
5.81%
Debt Maturity Profile ( % of Debt)
Debt26.81%
Equity69.42%
MM & Others3.76%
Asset Allocation (% to AUM)
Gilt18.44%
AAA75.19%
AA+6.37%
Debt Rating Profile (% of Debt)
9.0
9.5
10.0
10.5
11.0
11.5
12.0
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Apex Growth Benchmark
Investment Objective :
Date of Inception : SFIN No.
January 20, 2010 ULIF 015 20/01/10 SUD‐PA‐BL1 142
Products : AUM :
Rs. 66.47 Cr
Portfolio % to AUM
`
Equity 49.67% Minimum Maximum
Reliance Industries Ltd 4.06% 35% 65% 49.67%
Mahindra & Mahindra Ltd. 3.67% 35% 65% 50.33%
HDFC Bank Ltd 3.32%
Larsen & Toubro Limited 2.77%Infosys Ltd 2.46%Housing Development Finance Corporation Ltd. 2.00%
State Bank of India 1.82%
HCL Technologies Ltd 1.78%
Tata Global Beverages Ltd. 1.71%Grasim Industries Ltd. 1.50%Tata Consultancy Services Limited 1.47%
Hindustan Unilever Limited 1.66%Lupin Limited 1.63%
Aditya Birla Nuvo Limited 1.60%Tech Mahindra Limited 1.55%Tata Steel Limited 1.43%Power Grid Corporation of India Limited 1.42%Cipla Ltd. 1.25%Axis Bank Limited 1.22%IndusInd Bank Limited 1.16%
Oth ( ith 1% ) 10 17%
INDIVIDUAL PENSION FUND APEX BALANCED - DECEMBER, 2012
Benchmark :
S & P CNX Nifty ‐ 50%
CRISIL Composite Bond Index ‐ 50%
Equity
For New Dhruv Tara Products
Debt, MM & Others
To optimize returns over medium to long term, by aiming balance between risk and return, through
investments in high quality equity and debt instruments.
Asset Mix
ParticularsInvestment Pattern
Actual
Debt44.66%
Equity49.67%
MM & Others5.67%
Asset Allocation (% to AUM)
Gilt23.11%
AA+8.03%
Debt Rating Profile (% of Debt)
Others (with < 1% exposure) 10.17%
Debt 44.66%
Gilts & SDL 10.32%
GOI 6.87%
State Government ‐ Tamil Nadu 1.51%
SDL ‐ Gujarat 1.47%
SDL ‐ Other States (with < 1% exposure) 0.48%
Corporate Bonds 34.34%
LIC Housing Finance Ltd 4.21%
Reliance Ports & Terminals Ltd. 4.07%
Larsen & Toubro Limited 3.88%
Housing Development Finance Corporation Ltd. 3.01%
Power Finance Corporation Limited 2.84%
Hindustan Petroleum Corporation Ltd. 2.55%
Aditya Birla Nuvo Limited 2.55%
Infrastructure Leasing & Financial Services Ltd. 1.60%
Reliance Gas Transportation Infrastructure Limited 1.58%
TATA Sons 1.52%
Others (with < 1% exposure) 6.53%
MM & Others 5.67%
Total 100.00%
`
9.21%
8.64%
7.94%
7.88%
6.65%
6.09%
4.15%
4 07%
Housing Finance Services
Banking Services
Refinery
Computer software
Industrial Construction
Infrastructure finance services
Diversified
Service activities incidental to
Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
19.15%22.22%
12.17%
44.05%
2.41%
Debt Maturity Profile ( % of Debt)
Debt44.66%
Equity49.67%
MM & Others5.67%
Asset Allocation (% to AUM)
Gilt23.11%
AAA68.86%
AA+8.03%
Debt Rating Profile (% of Debt)
10.0
10.5
11.0
11.5
12.0
12.5
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Pen Apex Bal Benchmark
9.21%
8.64%
7.94%
7.88%
6.65%
6.09%
4.15%
4.07%
3.82%
3.67%
Housing Finance Services
Banking Services
Refinery
Computer software
Industrial Construction
Infrastructure finance services
Diversified
Service activities incidental to water transportation
Drugs & pharmaceuticals
Passenger cars & multi utility vehicles
Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
19.15%22.22%
12.17%
44.05%
2.41%
Debt Maturity Profile ( % of Debt)
Debt44.66%
Equity49.67%
MM & Others5.67%
Asset Allocation (% to AUM)
Gilt23.11%
AAA68.86%
AA+8.03%
Debt Rating Profile (% of Debt)
9.0
9.5
10.0
10.5
11.0
11.5
12.0
12.5
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (R
s)
NAV Performance (Since Inception)
Pen Apex Bal Benchmark
Investment Objective :
Date of Inception : SFIN No.
January 20, 2010 ULIF 016 20/01/10 SUD‐PA‐BN1 142
Products : AUM :
For New Dhruv Tara Products Rs. 24.68 Cr
Portfolio % to AUM
`
Debt 86.53% Minimum Maximum
Gilts & SDL 22.59% 80% 100% 86.53%
GOI 14.97% 0% 20% 13.47%
SDL ‐ Gujarat 3.36%
State Govt ‐ Maharashtra 2.91%
SDL ‐ Andhra Pradesh 1.03%
SDL (with < 1% exposure) 0.32%
Corporate Bonds 63.93%
Power Grid Corporation of India Limited 7.19%
Power Finance Corporation Limited 6.91%
Housing Development Finance Corporation Ltd. 5.65%
Rural Electrification Corporation Limited 5.38%
Larsen & Toubro Limited 4.84%
Reliance Ports & Terminals Ltd. 4.39%
Raymond Ltd. 4.18%
Hindalco Industries Ltd. 4.13%
Reliance Industries Ltd 2.86%
INDIVIDUAL PENSION FUND APEX BOND -DECEMBER, 2012
Benchmark :
CRISIL Composite Bond Index ‐ 90%
CRISIL Liquid Fund Index ‐ 10%
DEBT
MM & Others
To aim for stable returns over medium to long term by judicious mix of investments in Government securities
and high quality corporate debt of varying maturities and also in money market instruments.
Asset Mix
ParticularsInvestment Pattern
Actual
Debt86.53%
MM & Others13.47%
Asset Allocation( % to AUM)
Gilt26.11%
AA
AA+10.97%
Debt Rating Profile (% of Debt)
TATA Sons 2.46%
MRF Ltd. 2.12%
National Thermal Power Corporation Limited 2.04%
Hindustan Petroleum Corporation Ltd. 2.02%
Reliance Gas Transportation Infrastructure Limited 1.65%
LIC Housing Finance Ltd 1.63%
Dr. Reddy's Laboratories Ltd. 1.62%
Aditya Birla Nuvo Limited 1.61%
Tech Mahindra Limited 1.23%
Indian Railway Financial Corporation Ltd. 1.21%
Others (with < 1% exposure) 0.80%
MM & Others 13.47%
Total 100.00%
`
13.91%
7.28%
7.19%
4.88%
4.84%
4.39%
4.18%
4.13%
2.46%
Infrastructure finance services
Housing Finance Services
Electricity distribution
Refinery
Industrial Construction
Service activities incidental to water transportation
Other Textiles
Copper & copper products
Securities investment services
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
9.86%
25.84%
10.38%
37.83%
16.08%
Debt Maturity Profile ( % of Debt)
Debt86.53%
MM & Others13.47%
Asset Allocation( % to AUM)
Gilt26.11%
AAA58.09%
AA4.83%
AA+10.97%
Debt Rating Profile (% of Debt)
10.3
10.8
11.3
11.8
12.3
12.8
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Apex Bond Benchmark
13.91%
7.28%
7.19%
4.88%
4.84%
4.39%
4.18%
4.13%
2.46%
2.12%
Infrastructure finance services
Housing Finance Services
Electricity distribution
Refinery
Industrial Construction
Service activities incidental to water transportation
Other Textiles
Copper & copper products
Securities investment services
Tyres and Tubes
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
9.86%
25.84%
10.38%
37.83%
16.08%
Debt Maturity Profile ( % of Debt)
Debt86.53%
MM & Others13.47%
Asset Allocation( % to AUM)
Gilt26.11%
AAA58.09%
AA4.83%
AA+10.97%
Debt Rating Profile (% of Debt)
9.8
10.3
10.8
11.3
11.8
12.3
12.8
Jan‐10
Mar‐10
Apr‐10
Jun‐10
Aug‐10
Sep‐10
Nov‐10
Jan‐11
Feb‐11
Apr‐11
Jun‐11
Jul‐11
Sep‐11
Nov‐11
Dec‐11
Feb‐12
Mar‐12
May‐12
Jul‐12
Aug‐12
Oct‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Pen Apex Bond Benchmark
Investment Objective :
Date of Inception : SFIN No.
April 29, 2011 ULIF 017 29/04/11 SUD‐LX‐BL1 142
Products : AUM :
For Dhan Suraksha Express Rs. 31.86 Cr
Portfolio % to AUM
`
Equity 29.90% Minimum Maximum
Larsen & Toubro Limited 1.97% 0% 60% 29.90%
HDFC Bank Ltd 1.92% 40% 100% 70.10%
Reliance Industries Ltd 1.90%
ACC Limited 1.71%
Bajaj Auto Limited 1.67%HCL Technologies Ltd 1.43%Infosys Ltd 1.14%
State Bank of India 1.12%
ICICI Bank Ltd 1.07%
Axis Bank Limited 1.02%
Godrej Consumer Products Limited 1.02%
Others (with < 1% exposure) 13.94%
Debt 61.54%
Gilts & SDL 8.81%
GOI 5.65%
State Government ‐ Tamil Nadu 3.16%
Corporate Bonds 52.72%
Reliance Gas Transportation Infrastructure Limited 6.75%
Equity
Debt, MM & Others
EXPRESS BALANCED FUND - DECEMBER, 2012
To optimize returns over medium to long term, by aiming balance between risk and return, through investments
in high quality equity and debt instruments.
Asset Mix
Benchmark :
S & P CNX Nifty ‐ 30%
CRISIL Composite Bond Index ‐ 70%
ParticularsInvestment Pattern
Actual
Debt61.54%
Equity29.90%
MM & Others8.56%
Asset Allocation( % to AUM)
Gilt14.32%
AA+16.09%
Debt Rating Profile (% of Debt)
p
The Great Eastern Shipping Co. Limited 6.48%
Power Grid Corporation of India Limited 5.45%
Reliance Ports & Terminals Ltd. 4.42%
Power Finance Corporation Limited 4.22%
The Indian Hotels Company Limited 3.21%
Housing Development Finance Corporation Ltd. 2.82%
Infrastructure Leasing & Financial Services Ltd. 2.66%
National Bank For Agriculture And Rural Development 2.56%LIC Housing Finance Ltd 2.23%Larsen & Toubro Limited 1.88%MRF Ltd. 1.64%Tata Capital Financial Services Ltd 1.59%L & T Finance Ltd. 1.58%
National Thermal Power Corporation Limited 1.58%
Others (with < 1% exposure) 5.23%
MM & Others 8.56%
Total 100.00%
`
7.12%
6.75%
6.48%
5.83%
5.81%
5.55%
4.42%
4.11%
Infrastructure finance services
LNG storage & distribution
Shipping transport services
Housing Finance Services
Electricity distribution
Banking Services
Service activities incidental to water transportation
Computer software
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
8.69%5.95%
16.59%
52.80%
15.97%
Debt Maturity Profile ( % of Debt)
Debt61.54%
Equity29.90%
MM & Others8.56%
Asset Allocation( % to AUM)
Gilt14.32%
AAA68.27%
AA1.32%
AA+16.09%
Debt Rating Profile (% of Debt)
10.2
10.4
10.6
10.8
11.0
11.2
11.4
11.6
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Exp Bal Benchmark
7.12%
6.75%
6.48%
5.83%
5.81%
5.55%
4.42%
4.11%
3.85%
3.79%
Infrastructure finance services
LNG storage & distribution
Shipping transport services
Housing Finance Services
Electricity distribution
Banking Services
Service activities incidental to water transportation
Computer software
Industrial Construction
Other Financial Services
Top 10 Industry Exposure ( % to AUM)
< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years
8.69%5.95%
16.59%
52.80%
15.97%
Debt Maturity Profile ( % of Debt)
Debt61.54%
Equity29.90%
MM & Others8.56%
Asset Allocation( % to AUM)
Gilt14.32%
AAA68.27%
AA1.32%
AA+16.09%
Debt Rating Profile (% of Debt)
9.6
9.8
10.0
10.2
10.4
10.6
10.8
11.0
11.2
11.4
11.6
Apr‐11
May‐11
Jun‐11
Jul‐11
Aug‐11
Sep‐11
Sep‐11
Oct‐11
Nov‐11
Dec‐11
Jan‐12
Jan‐12
Feb‐12
Mar‐12
Apr‐12
May‐12
Jun‐12
Jun‐12
Jul‐12
Aug‐12
Sep‐12
Oct‐12
Oct‐12
Nov‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Inception)
Exp Bal Benchmark
Investment Objective :
Date of Inception : SFIN No.
June 03, 2011 ULIF 018 03/06/11 SUD‐UL‐DP1 142
Products : AUM :
For all Unit Linked products Rs. 70.4 Cr
Portfolio % to AUM
`
Minimum Maximum
MM & Others 100.00%
ParticularsInvestment Pattern
Actual
MM & Others 0% 100% 100.00%
DISCONTINUED POLICIES FUND - DECEMBER, 2012
To ensure safety and liquidity of funds and to generate the returns over and above defined regulatory minimum
rate of return. (Presently it is saving bank interest rate of SBI)
Benchmark :
Asset Mix
CRISIL Liquid Fund Index ‐ 100%
MM & Others100.00%
Asset Allocation( % to AUM)
10.08
10.18
10.28
10.38
10.48
10.58
10.68
10.78
10.88
10.98
11.08
NAV/U
NIT (Rs)
NAV Performance (Since Nov 01, 2011)
Discontinued Fund Benchmark
MM & Others100.00%
Asset Allocation( % to AUM)
9.98
10.08
10.18
10.28
10.38
10.48
10.58
10.68
10.78
10.88
10.98
11.08
Nov‐11
Dec‐11
Jan‐12
Feb‐12
Mar‐12
Apr‐12
May‐12
Jun‐12
Jul‐12
Aug‐12
Sep‐12
Oct‐12
Nov‐12
Dec‐12
NAV/U
NIT (Rs)
NAV Performance (Since Nov 01, 2011)
Discontinued Fund Benchmark
Risk Factors
• This document has been prepared for the purpose of providing general information
only.
• Unit Linked Life Insurance products are different from the traditional insurance
products and are subject to various risk factors.
• Customers should take into account their personal investment objectives, risk
appetite and other aspects of their financial situation before making an investment
decision.
• Unit linked policies are subject to market risks associated with capital markets and
NAVs of units may go up or down based on the performance of fund and factors
influencing the capital market and the customers have to consider this aspect while
taking any decision.
• SUD Life shall not be responsible for any losses caused or any claims that arise due to
investments made based on this document.
• Customers are advised to note that the details are based on past performance and
are not indicative of its future prospects or returns.
• All efforts have been made to ensure accuracy of the contents of this document,
however, SUD Life shall not be held responsible for any errors or omissions.
Disclaimers related to Benchmark Indices
CRISIL Composite Bond Index and CRISIL Liquid Fund Index
CRISIL has taken due care and caution in compilation of data. Information has been obtained by CRISIL
from sources it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or
completeness of the information and is not responsible for any errors or omissions or for the results
obtained from the use of such information. CRISIL is not responsible for any errors in data
reproduction. CRISIL especially states that it has no financial liability whatsoever to the subscribers/
users/ transmitters/ distributors of this bulletin.
S&P CNX NIFTY
“The Individual Life, Pension Life, Individual Apex Life and Pension Apex Life funds related to Equity, Balanced and Growth schemes; and also Individual Life Express Balanced Fund, offered by SUD Life Insurance Co. Ltd are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or S&P and its affiliates.
“S&P®” and “Standard and Poor’s®” are trademarks of Standard & Poor’s Financial Services LLC, and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index.
Neither IISL nor S&P and its affiliates makes any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of aforesaid schemes or any member of the public regarding the advisability of investing in securities generally or in aforesaid schemes linked to S&P CNX Nifty Index or particularly in the ability of the said Index to track general stock market performance in India”.
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